M&G Japan Smaller Companies Fund
Max Godwin
Fund Manager: Max Godwin
Funds Managed: M&G Japan Smaller Companies Fund
The Fund invests wholly or predominantly in securities of smaller Japanese companies, the universe for which is the bottom third in terms of total market capitalisation of all publicly listed equity in Japan. When not wholly invested as above, the Fund may also invest in medium sized and larger companies in order to enhance its liquidity. Its sole objective is long term capital growth.
The M&G Japan Smaller Companies Fund invests in listed smaller Japanese companies to achieve sound capital growth over the long term. The fund manager applies disciplined and rigorous fundamental analysis during the selection process to ensure a high level of conviction around the valuation for each of the companies held in the fund.
The fund manager adopts a value approach to investment and the portfolio owns shares in companies that have cheap valuations relative to the trend returns they are likely to generate over the medium to long term. These companies are quite often out of favour with the market for one reason or another. The fund’s investment approach therefore tends to be contrarian in nature.
Max Godwin joined Prudential Asset Management in April 2007 as an investment director. He joined from Pi Investments where he was a co-portfolio manager and senior analyst. Prior to that he worked for Cazenove, KBC Securities and OAL Advisers in Tokyo. He has lived and worked in Japan for more than 12 years and is a fluent Japanese speaker. Max has a degree in economics from the London School of Economics and is a chartered accountant.
For more information on this fund please contact us.
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